Schedule of Investments(a)
January 31, 2022
(Unaudited)
Shares | Value | ||
Common Stocks & Other Equity Interests–99.68% | |||
Aerospace & Defense–1.73% | |||
Raytheon Technologies Corp. | 2,089,908 | $188,488,803 | |
Air Freight & Logistics–2.86% | |||
United Parcel Service, Inc., Class B | 1,538,910 | 311,182,991 | |
Airlines–0.36% | |||
Southwest Airlines Co.(b) | 878,300 | 39,312,708 | |
Application Software–3.42% | |||
Manhattan Associates, Inc.(b) | 226,649 | 30,341,502 | |
salesforce.com, inc.(b) | 977,262 | 227,340,459 | |
Workday, Inc., Class A(b) | 453,196 | 114,663,120 | |
372,345,081 | |||
Automobile Manufacturers–2.01% | |||
General Motors Co.(b) | 2,502,417 | 131,952,448 | |
Tesla, Inc.(b) | 92,597 | 86,737,462 | |
218,689,910 | |||
Automotive Retail–1.62% | |||
CarMax, Inc.(b)(c) | 835,181 | 92,847,072 | |
O’Reilly Automotive, Inc.(b) | 128,121 | 83,502,862 | |
176,349,934 | |||
Biotechnology–0.80% | |||
Seagen, Inc.(b) | 651,924 | 87,690,297 | |
Cable & Satellite–1.30% | |||
Comcast Corp., Class A | 2,826,243 | 141,283,888 | |
Commodity Chemicals–0.74% | |||
Valvoline, Inc. | 2,441,978 | 80,438,755 | |
Communications Equipment–1.00% | |||
Motorola Solutions, Inc. | 468,333 | 108,625,156 | |
Construction Machinery & Heavy Trucks–1.21% | |||
Caterpillar, Inc. | 654,870 | 131,995,597 | |
Construction Materials–1.26% | |||
Vulcan Materials Co. | 720,329 | 137,085,812 | |
Consumer Finance–0.81% | |||
American Express Co. | 488,054 | 87,761,870 | |
Data Processing & Outsourced Services–2.22% | |||
Fiserv, Inc.(b) | 1,398,142 | 147,783,610 | |
PayPal Holdings, Inc.(b) | 547,763 | 94,182,370 | |
241,965,980 | |||
Distillers & Vintners–0.92% | |||
Constellation Brands, Inc., Class A | 420,151 | 99,890,900 | |
Diversified Banks–2.15% | |||
JPMorgan Chase & Co. | 1,578,403 | 234,550,686 | |
Electric Utilities–1.64% | |||
FirstEnergy Corp.(c) | 4,255,479 | 178,559,899 |
Shares | Value | ||
Electrical Components & Equipment–0.64% | |||
Hubbell, Inc. | 81,693 | $15,300,282 | |
Rockwell Automation, Inc.(c) | 189,295 | 54,747,900 | |
70,048,182 | |||
Environmental & Facilities Services–0.57% | |||
Waste Connections, Inc. | 498,740 | 62,192,878 | |
Financial Exchanges & Data–1.51% | |||
Intercontinental Exchange, Inc. | 1,301,605 | 164,861,289 | |
Food Distributors–0.86% | |||
Sysco Corp. | 1,199,226 | 93,719,512 | |
General Merchandise Stores–1.21% | |||
Target Corp.(c) | 595,792 | 131,330,431 | |
Health Care Facilities–2.91% | |||
HCA Healthcare, Inc. | 1,040,697 | 249,819,315 | |
Tenet Healthcare Corp.(b) | 914,112 | 67,753,981 | |
317,573,296 | |||
Health Care Services–2.32% | |||
CVS Health Corp. | 2,377,419 | 253,218,898 | |
Health Care Supplies–1.26% | |||
Cooper Cos., Inc. (The) | 298,526 | 118,902,906 | |
Quidel Corp.(b)(c) | 175,087 | 18,096,992 | |
136,999,898 | |||
Health Care Technology–0.24% | |||
Doximity, Inc., Class A(b)(c) | 566,600 | 25,819,962 | |
Home Improvement Retail–1.64% | |||
Floor & Decor Holdings, Inc., Class A(b)(c) | 330,777 | 35,962,075 | |
Home Depot, Inc. (The) | 390,148 | 143,176,513 | |
179,138,588 | |||
Homebuilding–0.84% | |||
D.R. Horton, Inc. | 1,024,972 | 91,448,002 | |
Hotels, Resorts & Cruise Lines–1.12% | |||
Airbnb, Inc., Class A(b)(c) | 792,638 | 122,042,473 | |
Household Products–2.80% | |||
Procter & Gamble Co. (The) | 1,902,042 | 305,182,639 | |
Industrial Machinery–1.53% | |||
Otis Worldwide Corp.(c) | 1,945,763 | 166,226,533 | |
Industrial REITs–2.65% | |||
Prologis, Inc. | 1,844,539 | 289,260,606 | |
Integrated Oil & Gas–0.86% | |||
Exxon Mobil Corp. | 1,227,938 | 93,274,170 | |
Integrated Telecommunication Services–1.57% | |||
Verizon Communications, Inc. | 3,206,005 | 170,655,646 | |
Interactive Home Entertainment–0.58% | |||
Zynga, Inc., Class A(b)(c) | 7,022,037 | 63,689,876 |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Fund®
Shares | Value | ||
Interactive Media & Services–2.79% | |||
Alphabet, Inc., Class A(b) | 103,575 | $280,281,200 | |
Snap, Inc., Class A(b)(c) | 733,089 | 23,854,716 | |
304,135,916 | |||
Internet & Direct Marketing Retail–5.06% | |||
Amazon.com, Inc.(b) | 184,119 | 550,786,465 | |
Internet Services & Infrastructure–0.40% | |||
Snowflake, Inc., Class A(b) | 159,910 | 44,119,169 | |
IT Consulting & Other Services–1.62% | |||
Accenture PLC, Class A | 431,279 | 152,491,629 | |
Amdocs Ltd. | 320,160 | 24,296,942 | |
176,788,571 | |||
Life Sciences Tools & Services–0.94% | |||
Avantor, Inc.(b)(c) | 2,729,764 | 101,902,090 | |
Managed Health Care–2.40% | |||
UnitedHealth Group, Inc. | 552,616 | 261,149,743 | |
Movies & Entertainment–1.42% | |||
Netflix, Inc.(b) | 289,480 | 123,648,487 | |
Warner Music Group Corp., Class A(c) | 727,762 | 30,929,885 | |
154,578,372 | |||
Oil & Gas Refining & Marketing–1.14% | |||
Valero Energy Corp. | 1,501,874 | 124,610,486 | |
Oil & Gas Storage & Transportation–0.61% | |||
Magellan Midstream Partners L.P. | 1,364,702 | 66,692,987 | |
Other Diversified Financial Services–1.87% | |||
Equitable Holdings, Inc. | 6,051,948 | 203,587,531 | |
Packaged Foods & Meats–1.24% | |||
Mondelez International, Inc., Class A | 2,017,662 | 135,243,884 | |
Personal Products–0.09% | |||
Coty, Inc., Class A(b) | 1,157,480 | 9,815,430 | |
Pharmaceuticals–3.68% | |||
AstraZeneca PLC, ADR (United Kingdom) | 2,803,201 | 163,174,330 | |
Bayer AG (Germany) | 489,041 | 29,648,090 | |
Eli Lilly and Co. | 847,692 | 208,015,140 | |
400,837,560 | |||
Property & Casualty Insurance–1.24% | |||
Allstate Corp. (The) | 1,120,706 | 135,235,593 | |
Railroads–0.90% | |||
Union Pacific Corp. | 401,491 | 98,184,624 | |
Real Estate Services–0.09% | |||
Zillow Group, Inc., Class C(b)(c) | 185,249 | 9,351,370 | |
Regional Banks–2.64% | |||
First Citizens BancShares, Inc., Class A(c) | 165,509 | 128,944,752 | |
Signature Bank | 257,383 | 78,406,583 | |
SVB Financial Group(b) | 136,803 | 79,879,272 | |
287,230,607 |
Shares | Value | ||
Research & Consulting Services–0.43% | |||
TransUnion | 457,194 | $47,145,845 | |
Semiconductor Equipment–1.34% | |||
Applied Materials, Inc. | 1,058,827 | 146,308,715 | |
Semiconductors–4.14% | |||
Advanced Micro Devices, Inc.(b)(c) | 1,202,587 | 137,395,565 | |
QUALCOMM, Inc. | 1,783,281 | 313,429,468 | |
450,825,033 | |||
Soft Drinks–0.66% | |||
Coca-Cola Co. (The) | 1,173,415 | 71,590,049 | |
Systems Software–9.25% | |||
Microsoft Corp. | 2,345,404 | 729,373,736 | |
ServiceNow, Inc.(b) | 104,714 | 61,339,367 | |
VMware, Inc., Class A | 1,691,570 | 217,332,913 | |
1,008,046,016 | |||
Technology Hardware, Storage & Peripherals–4.00% | |||
Apple, Inc. | 2,493,292 | 435,777,576 | |
Thrifts & Mortgage Finance–0.57% | |||
Rocket Cos., Inc., Class A | 4,925,187 | 62,254,364 | |
Total Common Stocks & Other Equity Interests (Cost $7,792,779,637) | 10,859,099,142 | ||
Money Market Funds–0.33% | |||
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(d)(e) | 12,645,914 | 12,645,914 | |
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(d)(e) | 9,382,030 | 9,382,968 | |
Invesco Treasury Portfolio, Institutional Class, 0.01%(d)(e) | 14,452,473 | 14,452,473 | |
Total Money Market Funds (Cost $36,482,293) | 36,481,355 | ||
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-100.01% (Cost $7,829,261,930) | 10,895,580,497 | ||
Investments Purchased with Cash Collateral from Securities on Loan | |||
Money Market Funds–1.30% | |||
Invesco Private Government Fund, 0.02%(d)(e)(f) | 42,320,784 | 42,320,784 | |
Invesco Private Prime Fund, 0.11%(d)(e)(f) | 98,728,750 | 98,748,492 | |
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $141,069,279) | 141,069,276 | ||
TOTAL INVESTMENTS IN SECURITIES–101.31% (Cost $7,970,331,209) | 11,036,649,773 | ||
OTHER ASSETS LESS LIABILITIES—(1.31)% | (142,673,812) | ||
NET ASSETS–100.00% | $10,893,975,961 |
Investment Abbreviations:
ADR | – American Depositary Receipt |
REIT | – Real Estate Investment Trust |
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Fund®
Notes to Schedule of Investments:
(a) | Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s. |
(b) | Non-income producing security. |
(c) | All or a portion of this security was out on loan at January 31, 2022. |
(d) | Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended January 31, 2022. |
Value October 31, 2021 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain (Loss) | Value January 31, 2022 | Dividend Income | |
Investments in Affiliated Money Market Funds: | |||||||
Invesco Government & Agency Portfolio, Institutional Class | $2,916,163 | $106,454,656 | $(96,724,905) | $- | $- | $12,645,914 | $687 |
Invesco Liquid Assets Portfolio, Institutional Class | 2,916,554 | 76,039,040 | (69,570,556) | (938) | (1,132) | 9,382,968 | 252 |
Invesco Treasury Portfolio, Institutional Class | 3,332,758 | 121,662,464 | (110,542,749) | - | - | 14,452,473 | 310 |
Investments Purchased with Cash Collateral from Securities on Loan: | |||||||
Invesco Private Government Fund | 54,353,000 | 322,982,192 | (335,014,408) | - | - | 42,320,784 | 1,656* |
Invesco Private Prime Fund | 126,823,666 | 603,895,604 | (631,969,251) | (4) | (1,523) | 98,748,492 | 20,823* |
Total | $190,342,141 | $1,231,033,956 | $(1,243,821,869) | $(942) | $(2,655) | $177,550,631 | $23,728 |
* | Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any. |
(e) | The rate shown is the 7-day SEC standardized yield as of January 31, 2022. |
(f) | The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. |
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Main Street Fund®
Notes to Quarterly Schedule of Portfolio Holdings
January 31, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of January 31, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
Common Stocks & Other Equity Interests | $10,829,451,052 | $29,648,090 | $— | $10,859,099,142 |
Money Market Funds | 36,481,355 | 141,069,276 | — | 177,550,631 |
Total Investments | $10,865,932,407 | $170,717,366 | $— | $11,036,649,773 |
Invesco Main Street Fund®